Grayskies wrote:brad3579 wrote:Holland&Holland wrote:It would be property tax. Not income tax.
Actually, I am pretty sure none of the funds come from personal or property taxes but I thought it would be fun to show what it could cost a tax paying person if they did it that way. Being as they are self insured I would think that they probably draw a fair amount from their general fund.
And they get the money in the general fund from?
Obviously general fund money comes from personal and property taxes, but also government aid (federal taxes), franchise fees, licenses, permits etc.
The internal service fund (fund used to pay self insurance costs) is fed from charges for services (fees paid by departments for work comp etc.),
rents and the vague "transfers from other funds".
My problem is what happens now after they just depleted most of their internal service fund with this one payout and where the money is going to come from for the next one.